Keybank National Association OH Sells 274 Shares of Expeditors International of Washington (NASDAQ:EXPD)

Keybank National Association OH cut its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,767 shares of the transportation company’s stock after selling 274 shares during the period. Keybank National Association OH’s holdings in Expeditors International of Washington were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EXPD. Rational Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter worth about $30,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $33,000. Lenox Wealth Management Inc. increased its holdings in shares of Expeditors International of Washington by 98.9% in the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after buying an additional 282 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter worth about $55,000. Finally, Gradient Investments LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at about $76,000. Hedge funds and other institutional investors own 92.98% of the company’s stock.

Several equities analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price target on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Cowen reiterated a “hold” rating and set a $79.00 price target on shares of Expeditors International of Washington in a report on Tuesday, August 6th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 price target on the stock in a report on Friday, August 9th. Finally, Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $73.00.

Shares of NASDAQ:EXPD opened at $70.45 on Wednesday. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 20.24 and a beta of 0.90. Expeditors International of Washington has a 12 month low of $62.90 and a 12 month high of $80.69. The firm’s 50-day moving average is $73.74 and its 200 day moving average is $74.69. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. As a group, equities analysts forecast that Expeditors International of Washington will post 3.52 EPS for the current fiscal year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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